Posts by Jacob Ayers

238: Don’t Save for Retirement with Daniel Ameduri

Daniel Ameduri is Co-Founder of the Future Money Trends Letter. He is a self-made multi-millionaire, full-time fact finder, and a proud father of 3.

After warning family and friends in 2007 about the coming market and mortgage collapse, he started his own YouTube channel, VisionVictory, which has received 10 million video views. On March 18, 2008, Daniel called for Dow 8,000, the collapse of Lehman Brothers, AIG, and Washington Mutual. During the mortgage crisis, he helped people buy Put Options on Countrywide Mortgage (these Puts saw a gain of 1,400%).

Not listening to his own advice, Daniel made a bad bet with Southern California’s real estate market which wiped out his entire income and savings, leaving him broke. With a special focus and passion for personal finance, he re-built his wealth and declared financial independence in 2012. Having no mortgage and enough rental properties to pay for his lifestyle, he was able to build his business larger than he could have ever imagined. By NOT focusing on money, but by focusing on over-delivering value to his customers.

In 2010, when he launched FutureMoneyTrends.com it became the first personal finance letter for the new economy. Today, FutureMoneyTrends.com has been the most widely recognized authority for financial freedom and economic research in commodities, cryptocurrencies, personal finance, cash flow, and income ideas.

Key Points
Why the 401(k) is an unproven vehicle for retirement
Building cashflow rather than a nest egg 
Taking control of your financial future
The mindset of success
Resources
FutureMoneyTrends.com

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237: Conservation vs. Creativity – Friday Fundamentals

With 7 Billion people and growing rapidly on the planet today, we face some serious challenges that weren’t once a problem. From food, water, and housing to healthcare, education, and resources, we are faced with some large scale challenges that must be addressed. Government officials, scientists, economists, physicists, and so many other smart people have worked towards solutions for many of the challenges we face today. These solutions can be categorized into two simple categories – conservation and creativity. Conservation, simply defined, is the careful preservation and protection of something. Creativity rather is the ability to make something unique.  However, when we approach these world-scale challenges, most often we take the conservation approach. We want to save resources, use less, spend less, consume less, etc.

World Scale Solutions
World scale solutions won’t come by the way of conservation. This approach only conserves our finite resources. It doesn’t create unique solutions to these world-scale challenges. When we take a creative approach to world-scale solutions, we open ourselves up to unlimited options. Now you may be thinking, I’m not setting out today or this week, or this year to solve global challenges, and that’s understandable. These are huge challenges and require equally challenging solutions. But this conservation vs. creativity perspective can be applied to not only global challenges, but to your personal life, and everything in between. If you can begin to apply creative solutions to your own life, you can take those apply them to a broader scale, helping millions or even billions of people.

One of the most influential people of the 20th century, Henry Ford created the first Model T automobile in the early 1900’s. He set out to create a new way of transportation and make it available to everyone. Henry Ford famously said of the Model T,

“I will build a motor car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one – and enjoy with his family the blessing of hours of pleasure in God’s great open spaces.”

A lot can be learned from the likes of Henry Ford and other visionaries. The solution starts with you, the individual. There are probably certain problems that you see right now and could provide a unique solution to if you gave it some thought. When you approach these problems, think creatively and outside the box. This is where true solutions will come from. Let’s look at a few ways how to do this.

Abundance – There are abundant solutions, abundant opportunities, and abundant resources. When you come from the perspective of abundance, it changes the way you think. Scarcity is just a mindset, not a solution.
Positivity – If you are going to take on world-scale challenges, or personal challenges in your own life, they should have a positive impact.
Everyone – If you can create a solution that helps everyone, then that is a powerful thing. “The best way to become a billionaire is to help a billion people.” Peter Diamandis
The greater good – Solve problems that will be for the greater good. When you have a cause that motivates you, you’ll be much more likely to find solutions.
You Are Capable
Each and every person has a unique ability. You have a unique ability. It’s your responsibility to use that and make a difference in this world. You have the ability to solve world-scale challenges. Seek out a challenge you’ve experienced. Come up with a creative solution, and then apply that on a larger scale. Everything you’ve ever set out to do, you’ve accomplished. Don’t believe me? Look to your past experiences for proof. You are capable of anything you set your mind to. So seek out challenges, come up with creative solutions, and you might just change the world in the process.

Resources
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236: Building a Real Estate Business with Pete Barrow

Pete Barrow, along with his sons Sam and Isaac, founded Parrot Property Group, a family-owned business based in Indianapolis. They focus on providing the reliability and responsiveness that you need in order to make your real estate investment a success. Parrot Property Group has a team of 5 members with approximately 80 years of combined experience in construction and real estate investing.

Parrot Property Group provides a full-service solution for real estate investors in Indianapolis. From acquisitions consulting to leasing and property management, they do it all.

Key Points
Making real estate investing a family business
Buying a package of duplexes with an investor
Seeking out a real estate market – what to look for
Branding and marketing
Direct mail campaigns to motivated sellers
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Lack of money. With a long-time customer who was willing to put up capital on that package of duplexes, Parrot Property Group was born.
Do you have a personal habit that contributes to your success?
Pete and everyone in the business enjoy working.
Do you have an online resource that you find valuable?
Pete enjoys podcasts and leans on YouTube for many of his projects
What book would you recommend to the listeners and why?
Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?
Don’t follow your dream unless it makes sense.
Resources
Parrot Property Group

Pete Barrow’s BiggerPockets Profile

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235: Accelerate Your Growth – Friday Fundamentals

Throughout your life, you’ve been on an ever-evolving journey. From learning to take your first steps and say those first words, to growing up and accomplishing so many great things, you have grown significantly. The pursuit of growth is what many desire, but few actually realize about themselves. We want to improve, grow, learn new things, see new places, try new experiences, and do as much as possible in our short time here on this earth. Growth comes in many different forms and paths for everyone. By growing in your experiences, capabilities, knowledge, and across all the other areas of your life, you’ll one day look back at a life lived to the fullest and know that you created and took advantage of opportunities you never thought were possible. That’s what we all want – a life of significance – one that we’ll look back on one day and reminisce on. Sounds like a good plan, right? Great! Let’s look at how to build a framework around your growth so that you can maximize your full potential.

Accelerate Your Growth
Growth is a slow and steady process that takes time. It often happens so slowly and up close that you don’t realize it. Think back 5 years ago and think about your life then. What was different about you then? What have you learned since? How have you changed? Now think ahead 5 years from now and ask yourself those same questions in a forward-thinking perspective. What do you hope to accomplish? You likely expect a lot of growth from yourself. So let’s start that journey now. Here are a few ways you can continue to grow and then accelerate your growth.

Growth starts with your mindset. An abundant mindset will allow you to think bigger and grow more. Your mindset is your foundation. Think of a 50-year-old oak tree. Before that tree ever sprouted from the ground, its roots had already grown deep underground. These roots are your mindset.
Once you’ve started thinking abundantly, you’ll need to fuel your mind. You have access to an entire world of information.  Podcasts, books, audiobooks, videos, courses, blogs, articles, and forums are fantastic resources. You could spend a lifetime consuming productive content and not even scratch the surface. Going deeper here, make this education a habit. Invest in yourself each day by learning something new, studying something that interests you, and continuing to expand your knowledge base.
Find someone you can look to as a partner, mentor, or coach. Likely, whatever you are interested in, someone has done that already. You can dramatically increase your growth by learning from that person. This person will ideally inspire you and push you outside your comfort zone. You will only experience growth outside your comfort zone.
Take action. Developing an abundant mindset, educating yourself, and learning from others is all in vain if you don’t follow up with action. You don’t have to move mountains every day, but rather take small consistent steps toward your goals.
These few tips will help you dramatically increase your growth as a person in all areas of your life – hacks, if you will.

The Long Haul
Remember, this is a life long journey. You have to be committed for the long term. You’ll experience peaks and valleys in your life, and it’s important to always keep pushing forward. Develop and invest in your mindset, learn something new every day, find success from other people, and take consistent and calculated action. Doing these things will accelerate your growth and allow you to realize all of your untapped potential. Your journey will be unique to you and can’t be compared to others. Focus on yourself and becoming the best version of yourself that you can. One day you’ll look back at all the things you accomplished as a result of those little things you did for years and year before.

Resources
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234: Projects to Profit with Michael Green

Michael Green is a successful house flipper and the host of The Flip Factor, but at one point in time this success was just a teenage boy’s dream. At the age of fifteen, prompted by late-night infomercials, Michael bought the book No Money Down by Carlton Sheets, which planted the seed of eventually becoming a house flipper. But the road to success wasn’t always easy. Growing up next to the projects in Baltimore, Michael found himself getting into trouble, and his relationship with his dad was built on breaking the law.

At 17, Michael found himself thrown into a paddy wagon with handcuffs around his wrists. Faced with a four-year jail sentence and a cold,  uncomfortable prison cell, with terrible food, scratchy blankets and no freedom, Michael had a lot of time to think. He thought about how if his life up to that point were a house, it would be a broken-down, boarded-up house. His negative patterns and limiting beliefs had eaten away at his foundation like hungry termites. Michael could either continue these patterns and let his life crumble around him, or he could step up and fix it. So he got to work on his first flip – himself.

Key Points
Lessons from turning a 4-year jail sentence into a successful house flipping business
Shifting your mindset to that of success and abundance
Scaling down, rather than up, to grow your business
Building a business that does 170+ flips per year 
Applying the 80/20 rule to find the best deals
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Analysis paralysis. Michael learned just enough to get started, and then learned as he went. 
Do you have a personal habit that contributes to your success?
Michael plans out his next day, every evening. He finds that he is most productive in the mornings, so he plans out his next morning the evening before. 
Do you have an online resource that you find valuable?
Trello
Podio
What book would you recommend to the listeners and why?
Mindset by Carol Dweck
If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?
Get started. You are capable and can achieve great things. Find a mentor, educate yourself, and take action. 
Resources
The Flip Factor podcast

TheFlipFactor.net

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